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De Novos

FDIC Seeking Comment on New De Novo Handbook

The FDIC is seeking comment on a handbook developed to facilitate the process of establishing new banks. “Applying for Deposit Insurance—A Handbook for Organizers of De Novo Institutions” covers the business considerations and statutory requirements that de novo organizers will face in establishing a new bank and applying for deposit insurance. It includes guidance on pre-filing activities, the application process, and pre-opening activities.

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